If I own 10% of a company because of an equity investment, am I liable for 10% of any debt the company incurs?
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Answered on August 27, 2017
I always remind business clients that a corporation or LLC generally will protect you personally from business debts of the company and the torts...
Does a Delaware corporation need to issue new shares for additional capital contributions from the sole shareholder?
Scott's answer
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Answered on August 27, 2017
Before contributing more capital, consider making a loan to the corporation. Use a promissory note with a reasonable rate of interest (generally a...
Archived
I am trying to correct my earnings history with Social Security Department as some years were recorded incorrectly.
Scott's answer
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Answered on August 26, 2017
I would suggest you consider whether the difference in your 1987 and 1988 wages will make much, if any, difference in your SSI payment. The IRS, as...
Can a plaintiff respond to the defendants' reply memo of law in support of their motion to dismiss?
Scott's answer
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Answered on August 26, 2017
I'm not licensed in NY, but here is the general pattern in IL and Federal courts: (1) Motion; (2) Response; and (3) Reply. The Reply should only...
Archived
What do I need to take to motion hearing proving I mailed spouse motion by certified mail?
Scott's answer
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Answered on August 26, 2017
Motions do not need to be served by certified mail. You do have to complete a "certificate of service" however, stating that you complied with...
Archived
What happens if a motion of default gets denied because motion of default was filed prematirely?
Scott's answer
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Answered on August 26, 2017
This may be a duplicate question I just answered. If the hearing date is after the appearance / answer due date that is what matters. The "default"...
Archived
What can I do if I get a motion to default denied?
Scott's answer
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Answered on August 26, 2017
Whether the motion is granted depends upon the required date to appear and / or answer or otherwise plead. You can file a motion on the day you...
Archived
Plaintiff in a Cook County lawsuit. Defense attorneys ignore Court Rules and email me in a derogatory manner. What to do?
Scott's answer
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Answered on August 26, 2017
It is true that if you are pro se (representing yourself) that an attorney can contact you.
If your problem is the harassing nature of the...
My attorney just filed motion to withdraw after 19 months of continous representation. What are my options?
Scott's answer
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Answered on August 26, 2017
The judge likely will allow the withdrawal unless a trial is coming up soon or you would be otherwise "prejudiced". That said, I wouldn't contest...
Archived
I'm having problems with a federal tax return penalty. IRS have not notified me for over 4 years of not filing tax.
Scott's answer
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Answered on August 26, 2017
It sounds like you established a state corporation and obtained an FEIN and elected S Corporation status. Generally, an S Corporation must file a...
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